The relative dearth of high-growth companies in Singapore could be partly due to restructuring of the economy, and partly due to relatively small size of domestic market, lack of entrepreneurship spirit and widely accepted brand names. Conditions for emergence of super-growth companies depend generally on a dynamic economy a big market base or hinterland, advanced technology or innovations, quality goods and services and bold leaders.
Prospects are mostly dependent on current landscape that people view and operate. Changes in business conditions, such as a relaxation or adoption of a more liberal policy, could affect the prospects.
– Tan Kok Leong
Principal
TKL Consulting
Monday, March 27, 2006